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Biometrics - Global Market Trajectory & Analytics

  • ID: 5141259
  • Report
  • July 2021
  • Region: Global
  • 493 Pages
  • Global Industry Analysts, Inc


  • AllTrust Networks
  • Cyber-Sign, Inc.
  • HID Global Corporation
  • Hitachi Ltd.
  • IDEMIA Group
  • Ingenico Group S.A.

Global Biometrics Market to Reach $44.1 Billion by 2026

Biometrics technology is used to identify an individual on the basis of physiological and behavioral characteristics such as hand geometry, retinal pattern, fingerprint, and facial thermograms. The person should be present physically for the identification to get the access into the system. The system does not require any password or PIN number for identification. The systems act as identification as well as authentication system in accordance with the situation. Biometrics works on Automated Identification and Data Capture (AIDC) methodology to enable an organization to effectively manage material, workforce, and time. Amid the COVID-19 crisis, the global market for Biometrics estimated at US$19.5 Billion in the year 2020, is projected to reach a revised size of US$44.1 Billion by 2026, growing at a CAGR of 14.8% over the analysis period. Non-AFIS, one of the segments analyzed in the report, is projected to grow at a 12.9% CAGR to reach US$14.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the AFIS segment is readjusted to a revised 16.4% CAGR for the next 7-year period. This segment currently accounts for a 28.6% share of the global Biometrics market.

The U.S. Market is Estimated at $5.7 Million in 2021, While China is Forecast to Reach $7.3 Billion by 2026

The Biometrics market in the U.S. is estimated at US$5.7 Billion in the year 2021. The country currently accounts for a 27.38% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$7.3Billion in the year 2026 trailing a CAGR of 18.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 13.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.4% CAGR while Rest of European market (as defined in the study) will reach US$8.7 Billion by the close of the analysis period.

The COVID-19 pandemic has resulted in unprecedented disruptions and sweeping changes across various industries, and created a notable demand for touchless biometric solutions. Advanced multifactor and multimodal biometric platforms are gaining increasing relevance due to their authentication accuracy and alignment with social distancing guidelines for COVID-19. Latest rules specified by various governments require businesses to avoid using palm print, fingerprint and hand-key readers for preventing physical contact and spread of the virus. These measures are paving way for iris scans and facial recognition technologies that are user-friendly and suitable for diverse environments. With people vary of touching card readers, keypads, elevator buttons, and door handles, facial and iris recognition, as well as other such contactless biometric technologies are likely to replace methods that require repeated touching of surfaces by people.

Contactless biometrics technology is set to experience remarkable gains due to the confluence of factors such as COVID-19-related guidelines and adoption of digital security solutions. The increasing focus on public safety monitoring coupled with the need for early detection and patient screening are driving the adoption of advanced contact-less biometrics technology.

Fuelled by rising application of the technology for identity verification, transactions, access control and payments, the global market for contactless biometrics technology is projected to post a strong growth rate through the year 2030. The technology is anticipated to receive a major boost from COVID-19 pandemic and associated need for contactless biometrics coupled with rising adoption of online transactions. The concept is expected to witness a notable uptick in facilities requiring stringent surveillance, access control and law enforcement. In addition, biotechnology and healthcare units are estimated to hold the major share, mainly for facial recognition. The adoption of security and innovative solutions for healthcare applications is expected to foster demand for iris scans and facial recognition. Contactless biometrics is anticipated to find rising application for identity verification and access control while software solutions are estimated to enjoy the dominating position. The increasing implementation of contactless biometrics is attributed mainly to the fact that the technology is more secure in comparison to conventional access control options.

Iris Segment to Reach $5.7 Billion by 2026

Iris biometrics is a method of identifying, verifying and validating individuals by photographing and scanning iris of their eye and analyzing the unique random colored patterns of their iris. Iris biometric system makes a collective use of optics, computer vision and pattern recognition to scan and identify the distinctive iris patterns from individuals eyes. Iris biometrics recognizes and captures over 250 distinguishing characteristics from about four hundred distinguishing characteristics in an individual. Another unique characteristic is the ability of this technology to work considerably well on different age groups, an edge over fingerprinting technique. Iris scanning technology provides secured identification, because a person`s iris is not suspected to wear and tear, and remains unchanged during one`s life. Iris technology has about six times additional distinct identifiable features in comparison to fingerprint.

In the global Iris segment, USA, Canada, Japan, China and Europe will drive the 16.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$4.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$992.8 Million by the year 2026.

Select Competitors (Total 340 Featured) -

  • AllTrust Networks
  • Cyber-Sign, Inc.
  • HID Global Corporation
  • Hitachi Ltd.
  • IDEMIA Group
  • Ingenico Group S.A.
  • Nuance Communications, Inc.
  • Precise Biometrics AB
  • Suprema, Inc.
Note: Product cover images may vary from those shown


  • AllTrust Networks
  • Cyber-Sign, Inc.
  • HID Global Corporation
  • Hitachi Ltd.
  • IDEMIA Group
  • Ingenico Group S.A.


  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pandemic Impact on Biometrics Technology
  • Contactless Biometric Technologies Poised to Make Gains Amidst COVID-19 Outbreak
  • Rising Focus on Identity Amidst the Pandemic Drives Changes in Biometrics Field
  • COVID ‘Passports' from Biometrics Vendors
  • An Introduction to Biometrics Technology
  • Types of Biometric Technologies
  • Biometrics Technology: Growing Use of Biological Traits for Identification & Verification to Fuel Market Prospects
  • COVID-19 Impacts Contact-only Biometrics Market
  • Developing Economies to Spearhead Future Adoption of Biometric Technology
  • Competition
  • Biometric Startups Set to Transform Competitive Scenario
  • World Brands
  • Recent Market Activity

  • Next-Generation Biometric Technologies to Transform Market Landscape
  • Finger-Vein Recognition
  • 3D Face Recognition
  • Sensor Interoperability
  • Biometrics Authentication in the Cloud
  • AI & Biometrics
  • Contactless Biometrics Technology Poised for Major Gains in Post COVID-19 Period
  • Exhibit 2: Global Contactless Biometrics Market Breakdown by Component (in %) for 2020
  • Multimodal Biometrics Emerges as a Promising Area of Growth
  • Future Trends in Biometrics Technology: A Review
  • Growing Role of Biometrics for Identification & Authentication in Consumer Electronics Sector
  • Smartphones Become a Critical Device for Biometrics
  • Exhibit 3: Smartphone Penetration Rate as Share of Total Population: 2016-2021
  • Rise in Biometric Technology-based Government Initiatives Propel Market Growth
  • National ID Programs Build Opportunities for Biometric Systems
  • Border Control & Immigration Emerges as a Promising Market for Biometric Systems
  • Exhibit 4: Continued Threat of Terrorism Drives the Focus on Beefing Up Security with Biometric Systems: Number of Terrorist Incidents and Terrorism-related Deaths Worldwide for 2011-2018
  • Fingerprint Technology Remains the Dominant Biometric System in Use for Immigration Purposes
  • Rising Prominence of Iris Biometrics for Travel & Immigration Control
  • Growing Role of Biometrics in Addressing Fraud and Security Breaches to Propel Use of Iris Recognition Technology in BFSI Industry
  • Applications of Biometrics Technology in Financial Services Sector
  • Digitization of Banking Services and Need for Stricter Identification Protocols to Prevent Security Breaches Drives Market
  • Biometrics Enable Banks to Improve Customer Engagement Levels
  • Fingerprint Scan Technology Leads the BFSI Sector
  • Iris Biometrics Poised for Strong Growth in BFSI Sector
  • Voice Biometrics Continues to Gain Growth in BFSI Sector
  • Facial Recognition Growing in Popularity
  • Banks See More Deployment of Vein Recognition Biometrics
  • Dual Biometrics Finds Acceptance among Banks
  • Rise of Internet and Mobile Banking Drives Opportunities for Biometrics Market
  • Exhibit 5: Global Online Banking Market Size (in US$ Billion) for the Years 2019, 2021, 2023 and 2025
  • Biometrics-based Authentication at ATMs on Rise
  • Exhibit 6: Rise in ATM Installations Presents Opportunity for Iris Biometrics: Global Installed Base of ATMs in Millions for 2015, 2017, 2019, 2021, 2023, and 2025
  • Increasing Availability of Biometrics-Enabled Smartphones Transforms Mobile Banking Services
  • Exhibit 7: Global Penetration Rate (In %) of Fingerprint Sensor in Smartphones for Years 2014, 2016, 2018 and 2020E
  • Biometric Payment Cards Propel Biometrics Adoption in BFSI Sector
  • Financial Inclusion of Unbanked Population: A Key Advantage of Biometrics Technology
  • Exhibit 8: Global Breakdown of Unbanked Adult Population (in %) by Country for 2019
  • Exhibit 9: Global Breakdown of Unbanked Adult Population (in %) by Gender for 2019
  • Exhibit 10: Top Factors Cited as Barrier to Account Ownership: % of Adults Citing the Reason for Being Unbanked
  • Digital Onboarding Initiatives of Banks Present Favorable Outlook for Biometrics Technologies
  • Amidst Digital Transformation of Banking Operations, Behavioral Biometrics Witnesses Growth
  • Keystroke Dynamics Authentication Overcomes Challenges Related to Conventional Authentication Methods
  • Regulatory Mandates Promote Adoption Biometrics Technology in Banking Sector
  • Innovations in Biometrics for Banking and Financial Services Sector: A Review
  • Increasing Significance of Biometrics Technology in Facilitating Contactless Passenger Journey Post-COVID-19 Pandemic
  • Demand for Biometric Systems Rises from Law Enforcement Agencies
  • Prisons & Detention Centers Bank on Iris Biometrics
  • Significant Role of Biometrics in Access Control Implementations
  • Iris Biometrics Rapidly Gains Adoption in Physical Access Implementations
  • System & Network Access Control Presents Considerable Market Opportunity
  • Use of Iris Biometrics for Attendance & Workforce Management to Grow in Prominence
  • Multi Factor Authentication Continues to Grow in Popularity in Access Control
  • Automotive Industry Exhibits Growing Inclination to Use Biometrics Systems
  • Biometrics Technology Becomes Indispensable in Identity Verification & Access Control at Airports
  • Exhibit 11: Aviation Industry Hard Hit by COVID-19 Pandemic: YoY % Change in RPKs and ASKs by Region for June 2020
  • Biometrics Technology to Expedite Check In and Boarding at Airports
  • Automated Border Control Systems (eGates) for Faster Processing at Border Checkpoints: Opportunities for Market Growth
  • Enterprises Choose Biometric Technology for Secure Identity Management and Better HR Management
  • Exhibit 12: Global Workforce Population: Percentage Share Breakdown of Employees by Nature of Work for 2009, 2017 & 2024
  • Digital Transformation of Workplaces and Enterprise Mobile Enhance Importance of Biometrics Technology
  • Exhibit 13: Threat to Security and Privacy-Increase in Cyberattacks and Hacking amidst COVID-19 Pandemic
  • Exhibit 14: WFM Employees as a % of the Total Workforce for 2019 and 2020
  • Healthcare Emerges as a High Growth Market for Biometric Systems
  • Iris Biometrics Well Suited to Mitigate Hospital Patient Identification Issues
  • Hygiene Concerns Amidst the COVID-19 Pandemic Create Business Case for Contactless Biometrics
  • Education Sector to Leverage the Capabilities of Biometrics Technology
  • Hospitality Industry: High Potential Market for Biometrics Technology
  • Growing Role of Biometrics Technology in Smart Homes and Offices
  • Exhibit 15: Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Exhibit 16: Smart Home Penetration Rate (%) by Region/Country: 2020
  • Biometrics Present Potential Opportunities for Retail Vertical
  • Fingerprint Recognition: A Reliable Biometrics Technology with Varied Applications
  • Low Costs Benefits Drive Gains in Non-Automated FIS Market
  • Contactless Fingerprint Systems Drive Opportunities
  • 3D Fingerprint Scanners Evolve as a More Accurate Technology
  • Iris Biometrics: Uniqueness of Human Iris Holds Tremendous Potential as an Identification Technology
  • Iris Recognition Gains Marked Adoption across Diverse Verticals
  • Iris-based Identity Authentication Address Concerns with Contact Biometrics
  • Cloud Solutions Boost Adoption of Iris Recognition Technologies
  • Blockchain & Iris Recognition Opens Opportunities for Identity Verification in Various Industries
  • Technology Developments to Transform the Iris Biometrics Market
  • Advanced Hand Held Devices to Bring Portability to Iris Biometrics
  • Face and Voice Recognition Technologies Continue to Gain Popularity
  • Hand Geometry: Another Promising Biometric Authentication Technology
  • Banking and Time & Attendance Management Sustain Demand for Hand Geometry Systems
  • Consumer Biometrics: Need for Convenience and Hassle-Free Experiences Boost Technology Adoption
  • Digital Authentication Needs of Diverse Verticals Turn Focus onto Behavioral Biometrics
  • Key Issues Facing Biometrics Market


  • COVID-19 Pandemic Drives the Need for ‘Touchless Experiences', Paving the Way for Biometric Systems
  • Biometrics Technology Finds Favor in BFSI Sector
  • Growing Significance of Voice Biometrics in Finance Sector
  • Growing Security Concerns Up Demand for Biometric Systems at Airports & Border Crossings
  • Iris Biometrics to Expedite Screening Process
  • Iris Biometrics for Criminal Profiling
  • Hospitals Turn to Iris Biometrics for Right Patient
  • Fingerprint Identification Technology: An Important Tool for Law Enforcement Agencies
  • Market Analytics

  • Growing Adoption of Biometrics Technology in BFSI Industry
  • Market Analytics
  • Coronavirus Crisis Augments Use of Iris Recognition Technology
  • Financial Services Industry in China Embraces Biometric Systems
  • Market Analytics
  • COVID-19 Pandemic Impacts Biometric Systems Market
  • Market Analytics



  • Market Overview
  • Growing Popularity of Biometrics in Banking Operations
  • Market Analytics
  • Russia: Government Agencies Rely on Biometrics Technologies
  • Market Analytics
  • Market Overview
  • Australia
  • High Adoption of Digital Banking Services Supports Biometric Technology
  • India
  • Biometrics Continues to Gain Prominence in India's Banking Industry
  • COVID-19 Outbreak Prompts India to Consider Iris Scans and Facial Recognition to Authenticate AePS Users
  • UIDAI: A Major Biometrics Project in India
  • Market Analytics
  • Iris Biometrics Market in the Middle East: An Overview
  • Market Analytics
  • Total Companies Profiled: 340
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • AllTrust Networks
  • Cyber-Sign, Inc.
  • HID Global Corporation
  • Hitachi Ltd.
  • IDEMIA Group
  • Ingenico Group S.A.
  • Nuance Communications, Inc.
  • Precise Biometrics AB
  • Suprema, Inc.
Note: Product cover images may vary from those shown